Robert Walters (LON:RWA) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Robert Walters plc (LON:RWA) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 100.38 and traded as high as GBX 127. Robert Walters shares last traded at GBX 127, with a volume of 127,867 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 100 price objective on shares of Robert Walters in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Robert Walters currently has an average rating of “Hold” and an average price target of GBX 100.

Robert Walters Trading Down 0.8%

The stock has a market cap of £82.88 million, a PE ratio of -3.36, a price-to-earnings-growth ratio of 0.08 and a beta of 0.80. The stock has a 50-day moving average price of GBX 95.58 and a two-hundred day moving average price of GBX 100.38. The company has a debt-to-equity ratio of 82.10, a current ratio of 1.25 and a quick ratio of 1.52.

Robert Walters (LON:RWA) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX (13.80) earnings per share (EPS) for the quarter. Robert Walters had a negative return on equity of 25.40% and a negative net margin of 3.04%. Sell-side analysts forecast that Robert Walters plc will post 61.5448447 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrew Rashbass acquired 21,739 shares of Robert Walters stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of GBX 92 per share, with a total value of £19,999.88. 3.90% of the stock is owned by insiders.

About Robert Walters

Established in 1985, Robert Walters is a global talent solutions business operating in 31 countries across the globe. We support organisations to build high-performing teams, and help professionals to grow meaningful careers. Our client base ranges from the world’s leading blue-chip corporates through to SMEs and start-ups.

We deliver three core services:

• Specialist recruitment – encompassing permanent and temporary recruitment, executive search and interim management.
• Recruitment outsourcing – enabling organisations to transfer all, or part of, their recruitment needs to us either through recruitment process outsourcing (RPO) or contingent workforce solutions (CWS).
• Talent Advisory – supporting the growth of organisations through market intelligence, talent development, and future of work consultancy.

Our employees are passionate about powering people and organisations to fulfil their unique potential.